CNX Resources Corp (NYSE:CNX) was the recipient of some unusual options trading on Wednesday. Stock investors bought 10,648 call options on the company. This represents an increase of approximately 3,663% compared to the average volume of 283 call options.

A number of research analysts have commented on the company. Zacks Investment Research downgraded CNX Resources from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Tudor Pickering downgraded CNX Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. ValuEngine downgraded CNX Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st. Susquehanna Bancshares set a $11.00 target price on CNX Resources and gave the company a “hold” rating in a research note on Saturday, February 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $15.00 price target on shares of CNX Resources in a research report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. CNX Resources has an average rating of “Hold” and a consensus price target of $14.20.

Shares of NYSE:CNX opened at $7.82 on Thursday. CNX Resources has a fifty-two week low of $7.67 and a fifty-two week high of $18.37. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.92 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.49.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). CNX Resources had a return on equity of 5.66% and a net margin of 12.00%. The company had revenue of $278.40 million during the quarter, compared to analyst estimates of $408.29 million. During the same period in the prior year, the firm earned $0.19 EPS. CNX Resources’s quarterly revenue was down 43.8% on a year-over-year basis. As a group, analysts predict that CNX Resources will post 0.69 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CNX. US Bancorp DE lifted its position in shares of CNX Resources by 72.6% in the first quarter. US Bancorp DE now owns 2,717 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 1,143 shares during the last quarter. First Hawaiian Bank lifted its position in shares of CNX Resources by 54.9% during the 4th quarter. First Hawaiian Bank now owns 2,948 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 1,045 shares during the last quarter. Glassman Wealth Services acquired a new position in shares of CNX Resources during the 1st quarter worth about $48,000. Investors Research Corp acquired a new position in shares of CNX Resources during the 1st quarter worth about $57,000. Finally, Pearl River Capital LLC lifted its position in shares of CNX Resources by 1,047.6% during the 1st quarter. Pearl River Capital LLC now owns 5,738 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 5,238 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

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About CNX Resources

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

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